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The Finance Bill 2019: The 1st Part Adopted by Committee in The House of Councilors

The Finance, Planning and Economic Development Committee of the House of Councilors adopted the first part of the Finance Bill (PLF) 2019 as amended with 9 votes against 5 and one abstention.

220 amendments proposed by the parliamentary groups were examined, which resulted in the introduction of 31 amendments, a fact that reflects the richness of the debate around the draft Finance Law. Among the approved amendments is the exemption from VAT with a discount on medicines, the price of which exceeds by virtue of a regulatory text an amount of 588 MAD.

The Commission also validated the extension of the application of the fixed registration fee of 200 MAD to the sales agreements drafted by the lawyers approved at the Court of Cassation, like those drafted by the notaries and adouls.

In addition, it approved the exemption of the vignette for vehicles used in mixed transport. Also included among the validated amendments, the extension of the program of renewal and scrapping of the fleet of public transport vehicles for travelers and people in rural areas until 2023.

As a reminder, the project plans to achieve a rate of economic growth rate of 3.2%, keep inflation below 2% and preserve financial stability by limiting the deficit to 3.3%.

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